Louis Scot Property Limited - Filleted accounts

Registered number

07444204

Louis Scot Property Limited

Filleted Accounts

30 November 2025

Louis Scot Property Limited
Registered number:		07444204
Balance Sheet
as at 30 November 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		51,398			63,457

Current assets
Stocks		609,913			-
Debtors	4	809,522			210,674
Cash at bank and in hand		1,308,130			1,885,403
		2,727,565			2,096,077

Creditors: amounts falling due within one year	5	(470,624)			(338,087)

Net current assets			2,256,941			1,757,990

Total assets less current liabilities			2,308,339			1,821,447

Creditors: amounts falling due after more than one year	6		(25,000)			(75,000)

Net assets			2,283,339			1,746,447

Capital and reserves
Called up share capital			50			50
Profit and loss account			2,283,289			1,746,397

Shareholder's funds			2,283,339			1,746,447

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr Ian Scot Morgan
Director
Approved by the board on 18 March 2026

Louis Scot Property Limited
Notes to the Accounts
for the year ended 30 November 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	20% reducing balance
	Motor vehicles	20% reducing balance

	Stock and work in progress
	Stock and work in propress are valued at the lower of cost and net realisable value. Cost includesall direct expenditures and appropriate proportion of fixed and variable ovrheads which have been incurred in bringing the work in progess to their present condition.Net realisable value is based on estimated selling price less the esimated cost of disposal

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			7		7


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 December 2024	9,372		115,464		124,836
	Additions	791		-		791
	At 30 November 2025	10,163		115,464		125,627

	Depreciation
	At 1 December 2024	6,066		55,313		61,379
	Charge for the year	820		12,030		12,850
	At 30 November 2025	6,886		67,343		74,229

	Net book value
	At 30 November 2025	3,277		48,121		51,398
	At 30 November 2024	3,306		60,151		63,457

4	Debtors			2025		2024
£					£

	Trade debtors			757,416		206,303
	Other debtors			52,106		4,371
				809,522		210,674

5	Creditors: amounts falling due within one year			2025		2024
£					£

	Bank loans and overdrafts			60,977		50,000
	Trade creditors			180,493		103,347
	Taxation and social security costs			214,398		155,144
	Directors' account			268		517
	Other creditors			14,488		29,079
				470,624		338,087

6	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			25,000		75,000


7	Loans			2025		2024
£					£
	Creditors include:

	Secured bank loans			75,000		125,000

	The bank loans are secured with a fixed and floating charge on the company's assets.


8	Other information

	Louis Scot Property Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Unit 4, Midas Industrial Estate
	Longbridge Way
	Uxbridge
	Middlesex
	UB8 2YT